Direct Materials Variances

Bellingham Company produces a product that requires 12standardpounds per unit. The standard price is $9 per pound. If 5,100 units used 63,000 pounds, which were purchased at $8.73 per pound, what is the direct materials (a)price variance, (b)quantity variance, and (c)cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a.Direct materials price variance$________________Favorable/Unfavorable

b.Direct materials quantity variance$_____________Unfavorable/Favorable

c.Direct materials cost variance$_________________Favorable/Unfavorable